Industrial Alliance Insurance and Financial Services Inc., the best-performing Canadian insurer in the past year, plans to acquire a money manager in what would be the company’s biggest takeover. Industrial Alliance is looking for an asset-management purchase outside Quebec for …
Brown & Brown, Beecher Carlson Brown & Brown Inc. completed the acquisition of Beecher Carlson Holdings Inc. from Austin Ventures, FSPM and a group of individual employee and non-employee equityholders for $336.5 million in cash. Beecher Carlson had total annual …
Swiss Re Ltd., the world’s second- biggest reinsurer, said it’s in preliminary talks about combining its Admin Re business with Phoenix Group Holdings. “There is no certainty that these discussions will lead to any transaction,” the Zurich-based reinsurer said in …
New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the third-biggest Chinese life insurer by premium income last year. The stock dropped 6.4 percent, …
Heffernan, Consuasor Insurance Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York. Founded in 2006, Consuasor is a multi-lines middle market broker with offices in New York City and Long Island, N.Y. Consuasor’s New York …
Southport Lane, Imperial Fire & Casualty Southport Lane, a New York City-based private equity firm, has completed its acquisition of Louisiana-based Imperial Management Corp., along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash transaction. Additional terms of …
Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial lines underwritten by Nexus for a term of up to five years. Colin Thompson, CEO of Nexus Group said: “This partnership …
Turner Barker, Clark Insurance Turner Barker Insurance, previously a subsidiary of Gorham Savings Bank, has completed its merger transaction with Clark Insurance. Both agencies are based in Portland, Maine. The deal was first announced in April. Under the deal, Turner …
Xchanging, the UK-based technology services provider, announced the expansion of its presence in Southeast Asia, with a “significant growth in headcount” and a new regional hub office in Kuala Lumpur. “This expansion reflects Xchanging’s continued commitment to invest in the …
Global broker Marsh Inc. announced that it has reached a definitive agreement to acquire the Rehder y Asociados Group, an insurance advisor in Peru. Marsh said the “business includes the insurance broker Rehder y Asociados and employee health and benefits …
